Guideline Value for Thadavakara kuppam

Thadavakara kuppam guideline value

The current guideline value of Thadavakara kuppam is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kathivakkam village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Thadavakara kuppam has changed

The guideline value for Thadavakara kuppam has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The subsequent revision in 2023 brought the value up to Rs 1,000 per sq.ft, and it remained unchanged in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 400%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value for Thadavakara kuppam is below this median.

• Thalanguppam Road/Street: Rs 1,001 per sq.ft (2024)
• S.V.M. nagar /All Streets: Rs 1,100 per sq.ft (2024)
• Thilagar Nagar /Streets: Rs 1,001 per sq.ft (2024)
• Thiruvalluvar Nagar / Street/Cross Streets: Rs 1,100 per sq.ft (2024)
• Sri Ram Koil Street: Rs 1,000 per sq.ft (2024)
• Ulaganathanpuram: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thadavakara kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thadavakara kuppam?

The Thadavakara kuppam area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kathivakkam

The guideline value is crucial when buying or selling property in Kathivakkam as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thadavakara kuppam?

The current guideline value of Thadavakara kuppam is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 400% over the years.

What other streets in Kathivakkam have guideline values?

Other streets in Kathivakkam have varying guideline values, with rates ranging from Rs 1,000 to Rs 1,600 per sq.ft as of 2024.

How is stamp duty calculated in Thadavakara kuppam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.